Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Showcase


Channel Catalog


Channel Description:

Asia Business News

older | 1 | .... | 316 | 317 | (Page 318) | 319 | 320 | 321 | newer

    0 0

    Platina Resources Limited (Platina or the Company) (ASX:PGM) (OTCMKTS:PTNUF) is pleased to advise that is has received a Research and Development refund claim totalling $1.1 million before costs.

    The claim covers eligible test work for the 2017/2018 financial year under the Federal Government's R&D tax incentive scheme. Under the R&D tax incentive scheme, companies with a turnover of less than $20 million which undertake research and development are entitled to a cash refund of 43.5 cents per dollar spent on eligible research and development in Australia.

    The Company research activities have focused on the development of commercial extraction technologies for the simultaneous production of scandium oxide, nickel, and cobalt from lateritic ores at its Platina Scandium Project in New South Wales. Scandium is presently only produced as a by-product from other processes. Neither dedicated large-scale scandium production processes nor processes capable of producing scandium from primary ores have been developed or commercialised.

    The results of the research and development activities have been incorporated into the Platina Scandium Project Definitive Feasibility Study ("DFS") announced on the 13th December 2018. The DFS confirmed the technical and financial viability of constructing a simple, low-strip ratio, open-cut mining operation and processing facility producing high purity scandium oxide.

    Corey Nolan, Managing Director of Platina Resources stated "The incentive provides direct assistance to companies like Platina to continue their research and development activities with a view to building value for shareholders. The receipt of the R&D rebate strengthens the Company's financial position as the Company moves towards the development phase".

    Corey Nolan 
    Managing Director
    Tel: +61-7-5580-9094
    Email: admin@platinaresources.com.au

    0 0

    Thomson Resources (ASX:TMZ) is pleased to announce tin assays from its recent drill campaign at the Bygoo tin project near the old Ardlethan tin mine, NSW. Ten holes for 762m were drilled at Bygoo North to test the newly discovered shallow greisen zone that appeared to trend north-south through the historic Dumbrells Pit. One of those holes continued through the shallow Dumbrells zone to intersect the Main Greisen (east-west trending).

    In addition, some fifteen holes for 1036m were drilled in the Big Bygoo area, 2km south of Bygoo North.

    - Strong tin intercepts continue at shallow depths at Bygoo North

    - Further extension drilling strongly warranted

    - Significant tin results from Big Bygoo

    - Awaiting assay results from Harry Smith gold prospect drilling

    Bygoo North

    The Dumbrells drilling was from east to west to gauge true width of the greisens zones and resulted in several substantial tin intersections (see Figure 1 in link below). The standout results are -

    - BNRC056 10m at 0.6% Sn from 24m depth*

    - BNRC057 12m at 0.5% Sn from 17m depth

    - BNRC058 7m at 0.4% Sn from 18m depth

    - BNRC059 5m at 0.3% Sn from 31m depth

    - BNRC060 2m at 0.4% Sn from 27m depth

    - BNRC061 30m at 0.4% Sn from 40m depth

    - BNRC062 8m at 0.4% Sn from 26m depth

    - BNRC063 16m at 0.3% Sn from 18m depth

    - BNRC063 2m at 1.9% Sn from 38m depth

    - BNRC063 20m at 1.2% Sn from 49m depth (Main zone)

    All depths* quoted are "below surface", or vertical depth to the top of the intersection.

    The drilling has defined a wide corridor of mineralisation extending at least 200m around the historic pit area, with the better intercepts under and to the north of the pit. The zone is shallow and open to the north (see Figure 1 in link below, next page). Further follow up drilling is planned.

    The Main Zone intercept in BNRC063 is close by and similar to a previous intercept (BNRC040, 19m at 1.0%), but drilled at right angles to it.

    A new round of drilling is being planned to further extend and confirm the high-grade tin zones intersected. Diamond drilling will be employed to test the northern extension of Dumbrells and the eastern extension of Main zone, both of which are open.

    Big Bygoo

    Fifteen holes for 1036m were drilled at four prospects in the Big Bygoo area, 2km south of Bygoo North (see Figure 3 in link below). The holes targeted extensive historic workings. This was Thomson's first drilling program in the area and several promising intersections were made which warrant follow up. The standout intersections are -

    - BBRC02 3m at 1.0% Sn (Temora Line)

    - BBRC03 3m at 1.2% Sn (Temora Line)

    - BBRC06 24m at 0.6% Sn (Titanic)

    - BBRC07 4m at 1.4% Sn (Titanic)

    - BBRC08 2m at 1.0% Sn (Lone Hand)

    - BBRC12 2m at 0.6% Sn (Big Bygoo)

    The historic workings are scattered over the Ardlethan Granite outcrop over a 1 square kilometre area (see Figure 2 in link below). Initial drilling focused on a 100m long section of the Temora line of excavations. Two previous holes by Magnum Explorations NL in 1971 returned promising intersections (see Thomson's ASX quarterly of June 2016 for details) which were followed up by holes 1 and 2 of this program. A narrow, tin rich greisen was intersected, and a similar greisen was observed in hole 3, drilled close to an old shaft, 30m to the west.High grade results were also returned from drilling at Titanic, located 300m to the south. The Titanic line has one major working, but appears to trend ENE, parallel to the Lone Hand line 70m further south. The 24m at 0.6% intercept was cut at 46m downhole, with an initial rich zone of alteration running at 1.8% Sn over 4m, followed by a lower grade greisen lower down with 9m at 0.5% Sn. Follow up was partly successful to the east with hole 7 (4m at 1.4%) which is believed to have intersected the upper rich zone, but not the lower one.

    The two remaining prospects tested had poorer results. Three holes were drilled on the 400m Lone Hand line with one hole returning a narrow high-grade intersection. The eponymous "Big Bygoo" workings are the most extensive in the field with seven shafts over 150m strike and drives on at least three levels. Four holes were drilled directly under the workings but yielded just one significant intercept, 2m at 0.6% in hole 12.

    Harry Smith

    Results are pending from drilling at the Harry Smith gold prospect where 9 holes were drilled for 833m.

    To view figures, please visit:
    http://abnnewswire.net/lnk/U94YNXX6

    Thomson Resources Ltd
    T: +61-2-9906-6225
    E: info@thomsonresources.com.au
    WWW: www.thomsonresources.com.au
    

    0 0

    Cervantes Corporation Limited (ASX:CVS) announces drill testing of gold zones at Albury Heath intersect impressive quartz lodes.

    - Focused drill testing of bonanza grade gold at Albury Heath completed

    - Seven holes for approximately 440 metres designed to test extent of two newly discovered gold zones:

    2m @ 67.2 g/t from 27m in AHP116, incl 1m @ 129.3 g/t from 27m

    5m @ 63.1 g/t from 32m in AHP134, incl 1m @ 202.8 g/t from 33m

    - Quartz lodes up to 26m downhole width (apparent, true width not known) intersected

    - Shallow intercepts in saprolite noted

    - RC drill sample assays awaited

    Drilling of two previously unrecognized bonanza-grade gold zones at the Albury Heath Prospect (P51/2937, see Figure 1 in link below) has now been completed. The drilling aimed to test the downdip, updip and strike extent of high grade zones intersected during Cervantes' previous drilling campaign on this prospect (announced on 16 May, 28 June, and 17 July, 2018).

    Previous intercepts are shown in Table 1(see link below). Drill hole locations are shown in Figure 2(see link below). Of note are two very high grade ("bonanza") zones intersected:

    2m @ 67.2 g/t from 27m in AHP116, incl 1m @ 129.3 g/t from 27m

    5m @ 63.1 g/t from 32m in AHP134, incl 1m @ 202.8 g/t from 33m

    These intercepts are located outside the historic underground workings and were not known from historic drilling.

    A typical cross section from the Albury Heath prospect is shown in Figure 3(see link below) with location of the section shown in Figure 2(see link below).

    Gold at Albury Heath is hosted in massive quartz veins, otherwise termed lodes, or secondary quartz veining within the host basalts, dolerites, and undifferentiated mafics.

    Geological logging is now completed; with significant quartz lodes and veins recognised. Table 2 (see link below) summarises the quartz lode intercept obtained.

    All one metre samples have been submitted for gold analysis and results are anxiously awaited. This data will be released once received.

    Cervantes has an open Prospectus, closing on or before 18 January 2019, to raise $700,000 by issuing 70,000,000 shares at an issue price of $0.01 per share, together with one (1) free attaching New Option for every two (2) Shares subscribed for and issued.

    The Company is hopeful of receiving and releasing the anxiously awaited assay results prior to closing of the prospectus on or before 18 January 2019. Funds raised will be used to pursue the RAB drilling of five new potential areas, not previously tested, and for follow-up drilling of the current RC drilling programme. Cervantes also intends to pursue a deep drilling programme on the Primrose Project at Paynes Find targeting Gold, Nickel and Cobolt.

    About the Albury Heath Project

    The Albury Heath Project is centred on the historic Albury Heath gold mine. Gold production from underground workings during the period 1948 to 1957 totaled 2,204 oz at an average head grade of 47.8g/t or 1.54oz/t.

    Gold mineralisation is associated with quartz veining, quartz stringers, quartz stockworks, and wall rock alteration located in a major regional fault zone that trends north-northeasterly across the eastern side of the Meekatharra Greenstone Belt. The mineralisation occurs primarily in quartz-sulphide veins that are up to 4m in width. The main vein strikes north-northeasterly and dips steeply at 75o - 80o to the east-southeast.

    Cervantes wholly owns six Prospecting Licences covering the Albury Heath mine and its surrounds (P51/2937 and P51/2997 to 3001). These comprise an area totaling 10.8km2 that cover the northerly and southerly extent of the main controlling structure.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/B70RJ01G

    Collin Vost
    Executive Chairman
    T: +61-8-6436-2300
    E: cvost@cervantescorp.com.au

    0 0

    Product authenticity and consumer engagement solutions provider YPB Group Ltd (ASX:YPB) ("YPB") is pleased to advise that in accordance with the commentary provided in the Half Year Report released 31 August 2018, the final payment has been made to close out the loan facility provided by Bracknor Worldwide Investments Ltd ("Bracknor").

    In accordance with a Deed of Release in place between YPB and Bracknor the relationship between the two parties is now finalised.

    For further information please contact investor@ypbsystems.com

    0 0

    GoldFund.io a commodity platform for Cryptocurrency and Gold today announces the first listing on a Cryptocurrency Exchange following its ICO ending on 31 January, 2019.

    p2pb2b.io is a Swiss based Cryptocurrency Exchange supporting major currency pairs with a total of 47 trading currencies.

    The primary features of the p2pb2b platform are:

    New Accounts: Newly created accounts have a 0 USD (or equivalent) withdrawal limit.

    Basic Accounts: Basic accounts can currently withdrawal 500 USD (or equivalent) per 24h.

    Enhanced Accounts: USD$100,000 (or equivalent) per day with two-factor enabled. Verification required.

    Multi-Language Support

    Support 24/7. English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German, Korean

    The main distinguishing feature of p2pb2b is support for processing speed of up to 10,000 trades every second and 1,000,000 TCP connections.

    More than 95% of all currency is stored in cold wallets. WAF (Web Application Firewall) - a protective screen Web application that detects and blocks hacker attacks.

    GoldFund.io will shortly announce additional cryptocurrency exchanges to support the userbase of almost 12,000 in 93 Countries.

    More information about p2pb2b can be found at CoinMarketCap:
    http://coinmarketcap.com/exchanges/p2pb2b/

    or visit:
    http://www.p2pb2b.io

    p2pb2b Exchange
    c/o MERKURI HOLDING AG 
    Gotthardstrasse 191, 
    Göschenen, CH?-6487, 
    Switzerland
    T: +41-78-883-22-70
    
    
    GoldFund.io 
    Level 1, 3 Spring St
    Sydney NSW 2000
    AUSTRALIA
    T: +61-2-8205-7340
    W: www.goldfund.io

    0 0

    GoldFund.io a commodity platform for Cryptocurrency and Gold today announces the pending listing of the GFUN Token on the Coinhub Cryptocurrency Exchange.

    Founded in 2017 and based in Singapore, the Coinhub reach expands to the heart of the Middle East through their team in Dubai. Coinhub collaborates with experts in blockchain development and cyber-security while remaining in compliance with the evolving legal landscape across the world.

    The team is firmly dedicated to being readily available to a global community prioritizing customers' needs. Coinhub offers the widest range of secure cryptocurrencies paired with various fiat options. Customers are be able to deposit and withdraw to an increasingly growing portfolio of fiat currencies.

    Secure Platform

    CoinHub offers a highly secure platform for current and next-generation traders with the lowest possible transaction fees. Their systems and applications are regularly assessed against the latest threats, and by following security best practices and industry standards, such as OWASP and PCI based testing.

    CoinHub is always striving to secure the confidentiality, integrity and availability of data stored.

    In addition to CoinHub's layered defence approach, the security measures already deployed include secure hosting, encryption of data at rest and in transit, web application firewalls, Denial of Services (DoS) protection, fraud protection, regular backups, multi-factor authentication, incident response plans, security awareness training for all staff, and failover sites.

    CoinHub has also contracted a cyber security firm to conduct regular assessments against CoinHub's infrastructure and applications.


    More information about Coinhub can be found at CoinMarketCap:
    http://coinmarketcap.com/exchanges/coinhub/

    Goldfund.io
    T: +61-2-8205-7340
    W: www.goldfund.io
    
    Coinhub.io
    E: info@coinhub.io
    W: www.coinhub.io

    0 0

    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to attach a copy of a news release announcing that the common shares of MediPharm Labs Inc ("MediPharm Labs") (CVE:LABS) (OTCMKTS:MLCPF) have commenced trading on the OTCQB Market (the "OTCQB"), a trading platform in the United States that is operated by the OTC Markets Group in New York. MediPharm Labs is trading on the OTCQB under the symbol "MLCPF" and continues to trade on the TSX Venture Exchange ("TSX-V") under the symbol "LABS".

    MMJ owns approximately 4.4 million shares for a 4.5% shareholding (at a cost of CAD$0.85 per share) and 2.9 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs. MediPharm Labs' most recent closing share price on the TSX-V was CAD$1.98, more than 2.3 times MMJ's cost per share.

    To view the news release, please visit:
    http://abnnewswire.net/lnk/L1D2K2C8

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819
    E: info@mmjgh.com.au

    0 0

    Oventus Medical Ltd (ASX:OVN) is pleased to announce the launch of the O2Vent(R) Optima device in Australia, an important addition to the Company's sleep treatment platform.

    Key points:

    - New Oventus O2Vent(R) Optima oral device for the treatment of sleep apnoea launched in Australian market

    - O2Vent(R) Optima is a compact, lightweight addition to the Oventus sleep treatment platform, with a reduced cost of goods in comparison with original titanium O2Vent(R)

    - O2Vent(R) Optima incorporates Oventus' proprietary Airway Technology and is compatible with Oventus ExVent(TM) valve technology which will also be launched in 2019

    - Clinical trials have shown that Oventus' proprietary airway alone or in combination with ExVent(TM) valve technology dramatically improves treatment outcomes for sufferers of obstructive sleep apnoea

    The O2Vent(R) Optima is the newest product in the O2Vent(R) oral device range. It offers a new treatment alternative for the potentially fatal condition, obstructive sleep apnoea (OSA).

    The O2Vent(R) Optima is a customised 3D printed nylon oral appliance that advances the jaw forward to open the airway and incorporates the Oventus proprietary Airway Technology to improve the effectiveness of oral appliance therapy. This device is lighter than the original O2Vent(R)and less complex to make. The combination of reduced material costs and lower manufacturing times bring down the cost of goods and will shorten timeframes on delivery of devices to patients.

    Oventus Managing Director and CEO, Dr Chris Hart commented, "We are excited to be launching the O2Vent(R) Optima as the next generation O2Vent(R) product addition to our sleep treatment platform. This lightweight, durable device incorporating Oventus Airway Technology offers a more discreet and flexible alternative to those that cannot tolerate CPAP therapy".

    The launch of O2Vent(R) Optima is the first of two new products coming to market in 2019. The second product being a valve that integrates with select O2Vent(R) devices to naturally increase airflow and airway stability. The valve is called the ExVent(TM) and has been clinically proven to dramatically increase the success rates of traditional mouthguard devices for sleep apnoea sufferers.

    The ExVent(TM) was developed in collaboration with CSIRO and Neuroscience Research Australia (NeuRA) during the three year, $2.95 million Federally funded Cooperative Research Centres Project grant. ExVent(TM) is due to be released in Australia during Q1 calendar year 2019.

    Following release of O2Vent(R) Optima and ExVent(TM) in Australia these products will be released in North American and European markets.

    A CSIRO news release on Oventus' product innovations led to national media coverage on Friday 4 January, including on both Channel Seven and Nine News. The Seven News coverage can be seen on the Oventus news and media web page.

    To view figures, please visit:
    http://abnnewswire.net/lnk/N3A1527N

    Dr Chris Hart
    Managing Director and CEO
    M: +61-409-647-496
     
    Jane Lowe
    IR Department
    M: +61-411-117-774 or 
    E: jane.lowe@irdepartment.com.au

    0 0

    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to announce the appointment of Michael Curtis as a non-executive director, effective immediately.

    Mr. Curtis resides in Toronto, Canada and is an experienced former investment banker and private equity executive. He is an active cannabis sector executive, having recently served as VP of Corporate Finance of Dosecann (an investee company prior to its successful divestment by MMJ earlier this year) and now as the Chief Operating Officer of and a Director of Embark Health (a current investee company of MMJ). His experience and key appointment terms are summarised in the attachment to this release.

    Commenting on this appointment, MMJ's Chairman Peter Wall said "We are pleased to have attracted Michael Curtis to our board. He is an experienced Canada-based cannabis sector executive with skills that complement those of the board and which will be valuable as MMJ continues to grow as a cannabis investment company. Through the course of this year Michael has also built rapport with both the board and our CEO Jason Conroy through our investments in each of Dosecann and Embark Health."

    To view the attachment, please visit:
    http://abnnewswire.net/lnk/6R46V0LA

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819
    E: info@mmjgh.com.au

    0 0

    WA-focused gold exploration and development company Classic Minerals Limited (ASX:CLZ) ("Classic", or "the Company") is pleased to announce that it has exercised the Option and acquired a 100% interest in the Kat Gap Gold Project covering exploration licences E74/422 and E74/467; subsequent to meeting all the conditions precedent.

    Highlights:

    - Option to acquire a 100% interest in two highly strategic exploration licences, E74/422 and E74/467 (Kat Gap Gold Project) has been successfully exercised. Classic now owns 100% of the project.

    - Kat Gap is an advanced gold exploration project covering 37.5 km2, over a 10km section of the western granite/greenstone contact at the southern end of the Forrestania Greenstone Belt.

    - Recent RC drilling by Classic at Kat Gap has returned outstanding high-grade gold intercepts from shallow depths including:

    5m @ 14.10g/t Au from 17m in FKGRC001

    12m @ 7.52g/t Au from 39m in FKGRC006

    8m @ 19.05g/t Au from 32m in FKGRC008

    8m @ 7.14g/t Au from 82m in FKGRC010

    12m @ 5.39g/t Au from 30m in FKGRC012

    4m @ 9.53g/t Au from 70m in FKGRC014

    10m @ 30.78g/t Au from 28m in FKGRC018

    10m @ 4.18g/t Au from 26m in FKGRC022

    9m @ 8.08g/t Au from 95m in FKGRC025

    3m @ 8.33g/t Au from 22m in FKGRC039

    3m @ 14.10g/t Au from 10m in FKGRC042

    3m @ 9.64g/t Au from 20m in FKGRC043

    - Kat Gap has a historical resource estimate (2003) of 283,000t @ 3.9g/t for 36,000 ounces of gold, not classified or reported in compliance with JORC (2012) *.

    *In accordance with clause 5.12 of the ASX Listing Rules, CLZ notes that the historic resource estimations were not reported in compliance with the JORC Code (2012), or any earlier adaptations of the JORC Code. A Competent Person has not done sufficient work to classify the historical estimates as mineral resources in accordance with the JORC Code (2012). It is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources in accordance with the JORC Code (2012).

    1. INTRODUCTION

    The Kat Gap Project is strategically located approximately 70km south-south east of the Company's Forrestania Gold project containing the Lady Magdalene and Lady Ada gold resources. Kat Gap adjoins the Forrestania Nickel project currently operated by Western Areas Ltd.

    Classic has purchased the Kat Gap project from private company Sulphide Resources Pty Ltd for a total consideration of A$250,000 plus GST, and a 2% NSR royalty on production from E74/422 and E74/467 (or any replacement tenements).

    Classic CEO Dean Goodwin said:

    "We are very pleased to have finalised this transaction as the Kat Gap tenements will significantly strengthen the Forrestania Gold Project as a whole. We now control over 480km2 of the highly prospective Forrestania region, in an area we firmly believe has the potential to host a world-class gold deposit.

    Drilling campaigns by Classic over the last 6 months have shown the high-grade potential of this project. We have intersected some outstanding shallow zones of gold mineralisation over a 200m strike length with gold open at depth and along strike in both directions. I think we are onto something quite special but only time will tell.

    The next stage is to commence an RC drilling program extending the known mineralised zone north and south from our current 200m long drilling area. We plan to focus our attention on an 800m long section of the main granite-greenstone contact where existing historical drilling is on 100m spaced lines. Our current 200m long drilling area sits right in the middle of this 800m long section. We firmly believe that significant gold mineralisation is hiding between these old drill lines. This work will give us a pretty good idea of how good this system really is. If we start getting similar results to what we have seen already in these new drill holes then we'll know we have a tiger by the tail".

    2. KAT GAP PROJECT

    Historically the project contains a shallow unmined gold deposit discovered in the 1990s, which was the subject of resource estimations and scoping study by Sons of Gwalia in 2003. Resources were estimated at 283,000t @ 3.9g/t for 36,000 ounces at a 1.5g/t cut-off grade. This resource estimate was not reported in compliance with the JORC Code (2012). Previous high-grade RC drill intercepts include 15 m @ 15.1 g/t Au from 39 m depth and 6 m @ 19.1 g/t from 17 m depth. The open-ended deposit lies within a 5 km long geochemical gold anomaly that has seen very little drill testing, and there is potential for the discovery of a substantial gold deposit within the project area. Previous exploration work includes airborne geophysical surveys; aircore, RAB, RC and diamond drilling; and soil geochemical surveys.

    Classic has drilled a total of 57 holes for 3891m at Kat Gap over the last 6 months from May to November 2018. The early drilling was focused on testing the up-dip and down dip projection of previous historical high-grade gold intersections along the main granite-greenstone contact adjacent to a cross-cutting Proterozoic dyke. Later drilling was then concentrated on an area north and south along strike from the cross-cutting Proterozoic dyke covering a strike length of some 200m on the granite-greenstone contact.

    Classic has completed 4 drilling campaigns at Kat Gap all returning significant high-grade gold intercepts. The majority of the drilling is relatively shallow, down to approximately 60m vertical depth below surface. The main area of drilling has been focused primarily on and adjacent to the contacts of a cross-cutting Proterozoic dyke where it intersects the main granite-greenstone contact. At this location the gold mineralisation has been significantly enriched. Better results from the first three drilling programs include, 8m @ 19.05 g/t Au from 32m including 4m @ 28.80 g/t Au in FKGRC008; 12m @ 7.52 g/t Au from 39m including 2m @ 20.20 g/t Au in FKGRC006; 12m @ 5.39 g/t Au from 30m including 1m @ 20.80 g/t Au in FKGRC012; 10m @ 30.78 g/t Au from 28m including 2m @ 116.10 g/t Au in FKGRC018; 9m @ 8.08 g/t Au from 95m including 1m @ 62.30 g/t Au in FKGRC025 and 10m @ 4.18 g/t Au from 26m including 1m @ 15.10 g/t Au in FKGRC022.

    Several deeper RC holes have also been drilled to approximately 120m to test the main contact zone at depth. These holes were primarily designed to test a potential plunge zone detected by the shallow RC holes. Better results from these holes include, 9m @ 8.08 g/t Au from 95m including 1m @ 62.30 g/t Au in FKGRC025 and 1m @ 18.80 g/t Au from 86m in FKGRC026. The plunge line is wide open along strike and down dip.

    The last drilling program in November incorporated a series of holes testing the up-dip potential of previous high-grade gold intersects together with a few holes testing further along strike to the north following up on previous historical RAB and RC holes. Better results from the shallow up-dip drill holes included: 3m @ 38.33 g/t Au from 21m including 1m @ 111.00 g/t Au in FKGRC039; 5m @ 5.61 g/t Au from 6m including 1m @ 12.00 g/t Au in FKGRC040; 2m @ 7.86 g/t Au from 19m in FKGRC041; 3m @ 14.10 g/t Au from 10m including 1m @ 37.40 g/t Au in FKGRC042 and 3m @ 9.64 g/t Au from 20m including 1m @ 25.10 g/t Au in FKGRC043.

    All RC Holes drilled along strike to the north testing the extent of the main granite-greenstone contact lode intersected gold mineralisation with the best result of 5m @ 4.07 g/t Au from 66m including 1m @ 11.50 g/t Au coming from FKGRC051. The next closest historical RC hole is some 100m further along strike to the north.

    Future drilling programs at Kat Gap will focus mainly on testing an 800m long section of the main granite - greenstone contact where current drill line spacings are 100m apart. Current drilling is located right in the middle of this 800m long section. Interpretation suggests that significant gold mineralisation exists between these sections similar to what has been identified in the last 4 drilling programs. Several deep orientated diamond holes to probe the system to 300m vertical below surface have also been designed.

    Historical RC drilling at Kat Gap is currently on 100m - 200m line spacings. There is strong potential for additional mineralisation to be identified up-dip, down-dip and along strike, both outside of and within the existing RC drill coverage. Only about half of the 5 km long >50 ppb Au gold-in-soil anomaly has been tested by RC drilling along the granite/greenstone contact.

    Classic has planned follow up RC and diamond holes with drilling scheduled for late this month.

    3. ABOUT THE FORRESTANIA GOLD PROJECT

    The FGP Tenements (excluding Kat Gap and Lady Lila) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd (ASX:HNR). Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. For the avoidance of doubt Classic Ltd owns a 100% interest in non-gold rights on the Kat Gap and Lady Lila Tenements including but not limited to nickel, lithium and other metals.

    The FGP contains an existing Mineral Resource of 5.3 Mt at 1.39 g/t for 240,000 ounces of gold, classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study (see ASX Announcement released 2nd May 2017) suggesting both the technical and financial viability of the project. The current post-mining Mineral Resource for Lady Ada, Lady Magdalene and Lady Lila is tabulated below (see link below).

    Additional technical detail on the Mineral Resource estimation is provided, further in the text below and in the JORC Table 1 as attached to ASX announcements dated 14th March 2017 and 21st March 2017.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/1OR2QP94

    Classic Minerals Ltd
    T: +61-8-6305-0221
    E: contact@classicminerals.com.au
    WWW: www.classicminerals.com.au
    

    0 0

    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to attach a copy of a news release by MediPharm Labs Inc ("MediPharm Labs") (CVE:LABS) (OTCMKTS:MLCPF) announcing that it has entered into a multi-year cannabis extraction agreement with TerrAscend Corp. (CNSX:TER) (OTCMKTS:TRSSF) ("TerrAscend").

    MMJ owns approximately 4.4 million shares for a 4.5% shareholding (at a cost of CAD$0.85 per share) and 2.9 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs.

    To view the news release, please visit:
    http://abnnewswire.net/lnk/8R6HHUPS

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819
    E: info@mmjgh.com.au

    0 0

    UltiSat, Inc., a Speedcast Company (ASX:SDA) (OTCMKTS:SPPDF), was awarded a 5-year, US$23M contract in support of a significant defense contractor to provide reliable and secure meshed/managed network services for the U.S. Government. The US$23M contract value is for the core services and does not include pre-priced incremental services with significant upside potential. During the term of the contract, UltiSat will provide fully managed Internet, VoIP, and business application services at Forward Operating Base (FOB) locations across the Middle East and Southwest Asia. In accordance with common US Government procurement practice, the contract is subject to an annual review and approval process.

    "UltiSat is proud to be part of an incredible team providing satellite, microwave and terrestrial fiber communications services to support our military," said Garr Stephenson, Senior Vice President of ISR and Mobility Solutions. "UltiSat's world class network and 24/7 Secure Network Operations Center form the critical components to ensure the success of the program. Our expert and proactive staff alerts our customers of problems with their network often times even before they are aware. Problems are escalated to engineers in real-time and are sorted out and resolved to get connectivity up and restored with the utmost urgency. Our customer is very appreciative of our rapid response to this program's dynamic, emerging and evolving needs."

    About UltiSat:

    UltiSat Inc., a Speedcast Company, is a global leader in the provision of mission-critical, managed network solutions and high-touch professional services. Our products and services incorporate Fixed Satellite Service (FSS), Mobile Satellite Service (MSS), wireless and terrestrial technologies. We support a wide array of customer applications including treaty compliance monitoring, broadband connectivity for Morale, Welfare, and Recreation (MWR), logistics management, maritime and tactical converged networks, and Airborne Intelligence, Surveillance and Reconnaissance (AISR). UltiSat solutions are offered to end users in some of the most remote and harsh locations in over 135 countries on 7 continents around the globe. With customer networks that vary from a few sites to hundreds of locations, UltiSat's technical expertise and technology-agnostic approach ensures that our customers get the best-fit/best-value solutions. UltiSat customers include U.S. and foreign government agencies, government contractors, and Inter-Governmental Organizations (IGOs). For more information, please visit http://www.ultisat.com

    Laura Moreno-Davis
    Director of Marketing
    240.813.7578
    lmoreno-davis@ultisat.com

    0 0

    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to attach a copy of a news release by MediPharm Labs Inc ("MediPharm Labs") (CVE:LABS) (OTCMKTS:MLCPF) announcing that members of its management team and board have increased their combined shareholding in the company (by exercising share options) to over 39%.

    MMJ owns approximately 4.4 million shares for a 4.3% shareholding (at a cost of CAD$0.85 per share) and 2.9 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs.

    To view the news release, please visit:
    http://abnnewswire.net/lnk/10N56328

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819
    E: info@mmjgh.com.au

    0 0

    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to note the attached recent announcement by Harvest One Cannabis Inc. (CVE:HVT) (OTCMKTS:HRVOF) ("Harvest One") confirming that its shares are trading in the United States on the OTCQX(R) Best Market ("OTCQX") operated by OTC Markets Group under the symbol "HRVOF".

    MMJ owns 55,557,994 shares in Harvest One for a 30.5% shareholding.

    To view the announcement, please visit:
    http://abnnewswire.net/lnk/MU42C8YT

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819
    E: info@mmjgh.com.au

    0 0

    Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) is pleased to announce the execution of a controlled placement deed (CPD) with Acuity Capital for up to $3 million of equity over a 30-month period.

    - Acuity Capital provides placement facility of up to $3 million.

    - Facility provides Collaborate with control over the placement process.

    - Provides access to funding for growth of Collaborate's mobility and peer-to-peer businesses.

    Under the terms of the CPD, Collaborate retains full control of all aspects of initiating the placement process: having sole discretion as to whether or not to utilise the CPD, the quantum of issued shares, the minimum issue price of shares and the timing of each placement tranche (if any).

    There are no obligations on Collaborate to utilise the CPD and Collaborate may terminate the CPD at any time with 5 Business Days' notice, without cost or penalty. Acuity Capital and the CPD do not place any restrictions at any time on Collaborate raising capital through other methods.

    If the Company elects to utilise the CPD, Collaborate is able to set a floor price (at its sole discretion) and the final issue price will be calculated as the greater of that floor price set by Collaborate and a 10% discount to a Volume Weighted Average Price (VWAP) of Collaborate shares over a period of Collaborate's choosing (again at the sole discretion of Collaborate).

    The CPD is a valuable tool as an additional funding alternative. Placements made under the CPD will principally be used to provide funding for customer acquisition, to support the launch of new initiatives and for general working capital.

    As collateral for the CPD, Collaborate has agreed to place 20,000,000 fully paid ordinary shares at nil consideration to Acuity Capital (Collateral Shares). The Company may, at any time, terminate the CPD and buy back the Collateral Shares for nil consideration (subject to shareholder approval).

    Collaborate and Acuity Capital have agreed to a one-off issue of 2,500,000 Shares at a deemed issue price of $0.015 per Share in consideration for entering in to the CPD (Transaction Fee Shares). There are no other establishment or placement fees required to be paid to Acuity Capital.

    CEO and Executive Director, Mr Chris Noone, said "The CPD enables the Company to access funds as and when it requires and avoids immediate shareholder dilution at the present share price while providing funding for the growth of the business and to support the launch of the previously announced car subscription product."

    Shares under the CPD will be issued under the Company's available placement capacities.

    Collaborate Corporation Limited
    Tel: +61-2-8889-3641
    E: shareholder@collaboratecorp.com 
    W: www.collaboratecorp.com

    0 0

    Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) confirms that it has issued the following fully paid ordinary shares under the controlled placement deed (CPD) with Acuity Capital:

    - 20,000,000 Shares at nil consideration to Acuity Capital (Collateral Shares); and

    - 2,500,000 Shares in consideration for entering into the CPA (Transaction Fee Shares) together, the Shares.

    The Collateral Shares and Transaction Fee Shares were issued under the Company's 15% placement capacity under Listing Rule 7.1. An Appendix 3B applying for quotation of the Collateral Shares and Transaction Fee Shares follows this announcement.

    Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

    The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

    The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

    (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

    (b) as at the date of this Notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

    (c) as at the date of this Notice, there is no information:

    (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

    (ii) that investor and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    a. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    b. the rights and liabilities attaching to the relevant Shares.

    To view the announcement, please visit:
    http://abnnewswire.net/lnk/BFZATELB

    Collaborate Corporation Limited
    Tel: +61-2-8889-3641
    E: shareholder@collaboratecorp.com 
    W: www.collaboratecorp.com

    0 0

    White Cliff Minerals Limited (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that assay results have been received from the new mineralised structures identified 2-4 kilometres east of the Aucu Gold Project in the Kyrgyz Republic.

    Highlights

    - New outcropping gold and copper zones identified 2-4 kilometres east of Aucu

    - Rock sample results include grades up to 6.7 g/t gold and up to 7.8% copper

    - Mineralised structures now identified and mapped over an 8km wide zone

    Mapping and rock sampling was conducted over a large area based on the results from the recent soil geochemistry sampling program (ASX release 9th December 2018). The mapping identified multiple new shear zones and assays of rock samples have identified significant gold and copper mineralisation with gold assays up to 6.7 g/t gold and copper assays up to 7.8% copper. The sampling confirms that the scale of the Aucu gold and copper system extends over at least 8 kilometres west to east and is still untested to the south.

    The copper and gold results are associated with both porphyry and the overlying sandstones. Mineralisation occurs as within shear zones in both lithologies and as a layer of thermally altered magnetite rich skarn that is sandwiched between the sandstone and porphyry.

    The highest copper and gold results are associated with chalcopyrite and copper oxides (malachite and azurite) usually within shear zones cutting through the sandstones and porphyries.

    Moderate copper grades (1-2% Cu) and lower gold grades (0.1-0.7 g/t Au) are associated with the magnetite rich skarn. Key results are summarised in Table 1(see link below).

    Geological Interpretation

    The current geological interpretation is that the whole area is underlain by a larger mineralised system with an upper zone of structurally controlled epithermal gold mineralisation within a broad copper porphyry alteration zone.

    Gold mineralisation now extends at least 8 kilometres from west to east and is currently open to the west, south and north. Copper mineralisation is currently associated with central porphyry and large alteration halo with the possibility that further mineralised porphyries have been identified to the east of Aucu.

    Current Exploration

    Due to heavy winter snows and ice build-up on the roads the Company has unable to safely conduct drilling on the main targets and so has concentrated on testing the gold potential along the floor of the main valley. The cost of drilling through frozen gravels to obtain small samples has proven prohibitive so the Company has opted to used excavators to bulk sample the alluvial material. Prior to winter closing access to the Chanach valley the Company completed 13 bulk samples to 5 metres depth with each hole consisting of approximately 35 cubic metres. Each metre in depth was sampled separately and assessed for alluvial gold, and rock and clay particle size distribution. 40-60 kilogram subsamples were collected and manually panned down to a concentrate. These samples will be submitted to the laboratory for analysis shortly.

    Project Background: Aucu Gold Deposit

    The Aucu gold deposit currently contains an Inferred Gold Mineral Resource above a cut-off grade of 1 g/t gold of 2.95 Million tonnes grading 5.1 g/t gold for 484,000 ounces of contained gold. The new resource reported in May 2018 represented a 60% increase in contained gold over the previously reported April 2017 inferred gold resource.

    The project also contains an Inferred Copper Mineral Resource of 17.2Mt at 0.36% copper containing 64,000 tonnes of copper.

    The drilling defining these resources has tested less than 5% of the identified mineralised structures and is currently open in all directions. The exploration carried out in this announcement has identified substantial additional potential over a large area on the eastern side of the project with rock chip samples of outcropping shear zones, veins and skarn alteration carrying gold grades of up to 6.7 g/t gold and 7.8% copper. As yet, no exploration has been conducted to the south or to the west of the main porphyry system.

    In addition to the hard rock potential, the Company has identified visible gold in the alluvial river gravels that extend 16 kilometres from west to east across the Aucu project area.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/D0AV4E1K

    Todd Hibberd
    Managing Director
    T: +61-8-9321-2233
    E: info@wcminerals.com.au
    W: www.wcminerals.com.au
    
    

    0 0

    Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF) announces today that PlayUp Limited ("PLA") has not paid MBT amounts owed under the terms of the agreement as announced on October 3, 2018. As a result of this non-payment, MBT has briefed its lawyers to recover the debt by all means necessary and review the status of the contract in light of PlayUp's default.

    Mission shall continue to update the market in accordance with its continuous disclosure obligation.

    THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE AUSTRALIAN SECURITIES EXCHANGE ("ASX") FOR RELEASE ON THE ASX PLATFORM AS THE ASX HAS EXPRESSED CONCERN TO MBT IN RELATION TO THE PROPOSED TRANSACTION AND THE SUITABILITY OF THE COMPANY TO BE LISTED ON THE ASX POST-COMPLETION OF THE TRANSACTION

    THE ASX THEREFORE TAKES NO RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

    James Garton
    Phone: +61-8-6313-3975
    Email: james@missionnewenergy.com

    0 0

    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to attach a copy of a news release by MediPharm Labs Inc ("MediPharm Labs") (CVE:LABS) (OTCMKTS:MLCPF) announcing that it had purchased over 1,600 kg of additional dried cannabis from 7 different licensed producers between December 18, 2018 and January 8, 2019, replenishing and increasing inventory to ensure uninterrupted cannabis oil supply for its existing customers for Q1 2019 and to satisfy the robust and growing market demand for high quality purified concentrates.

    MMJ owns approximately 4.4 million shares for a 4.3% shareholding (at a cost of CAD$0.85 per share) and 2.9 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs.

    To view the news release, please visit:
    http://abnnewswire.net/lnk/T6NY042Q

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819
    E: info@mmjgh.com.au

    0 0

    The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA) (FRA:QM3) are pleased to announce encouraging drill results at the Officer Hill Gold Project in joint venture with Newmont Tanami Pty Ltd (Newmont) (a wholly owned subsidiary of Newmont Mining Corporation). The Officer Hill Project within EL23150 covers 206km2 and is located 34km south west of the Callie deposit which is part of Newmont's Tanami Gold mine operation. The exploration program is targeting Callie-style mineralisation within EL23150.

    The best assayed results to date are from diamond drillhole OHD0003 with 4m @ 2.49 g/t Au, including 0.5m @ 12.6 g/t Au. A second intersection below this returned 1m @ 19.69 g/t Au (see Table 1 and Figure 1 in link below).

    Mineralisation within OHD0003 is quartz-chlorite-pyrite vein hosted. Veins are present within variably bedded sandstone and laminated siltstones. Alteration is dominated by the regional green schist facies metamorphic assemblage.

    An aeromagnetic and gravity survey was acquired across the entirety of the project area and will be used to assist the geological interpretation.

    NVA Managing Director, Mr. Avi Kimelman said:

    "We are encouraged by the initial results returned from the diamond drilling program on the Officer Hill Gold Project.

    "Concurrent with Officer Hill exploration program, Nova is in the process of planning its next stage of exploration and reconnaissance activities for 2019 at the Estelle Gold Project and Thomson Brothers Lithium project operations and corporate development strategy which will deliver a parallel approach to enhance shareholder value across our company's project portfolio."

    Nova will separately update the market on the current and proposed 2019 exploration and corporate development programs across the company's project portfolio in due course.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/D88Z621O

    Nova Minerals Ltd
    P: +61-3-9614-0600
    F: +61-3-9614-0550
    WWW: novaminerals.com.au
    

older | 1 | .... | 316 | 317 | (Page 318) | 319 | 320 | 321 | newer